Kingstone Capital Partners Texas LLC Buys New Position in Pinterest, Inc. $PINS

Key Points

• Kingstone Capital Partners Texas LLC invested $6.32 million in Pinterest, Inc., acquiring 181,140 shares in the 2nd quarter, marking a significant institutional entry into the stock.
• Multiple analysts have upgraded Pinterest's stock ratings, with price targets raised between $40.00 and $48.00, indicating a general positive sentiment on its future performance.
• Despite strong revenue growth of 16.9% year-over-year, Pinterest reported a slight earnings miss for the last quarter, with earnings per share (EPS) of $0.33 against an estimate of $0.34.

Kingstone Capital Partners Texas LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 181,140 shares of the company's stock, valued at approximately $6,319,000.

Several other institutional investors and hedge funds have also modified their holdings of PINS. Janney Montgomery Scott LLC raised its position in shares of Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after acquiring an additional 37,829 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Pinterest in the 1st quarter worth about $235,000. Concurrent Investment Advisors LLC bought a new position in Pinterest in the 1st quarter worth about $261,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pinterest by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Pinterest during the 1st quarter valued at about $15,035,000. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

NYSE:PINS traded down $0.01 during trading on Tuesday, reaching $35.30. The company's stock had a trading volume of 4,104,816 shares, compared to its average volume of 11,419,064. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm has a 50 day moving average of $36.72 and a 200-day moving average of $33.10. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same period in the previous year, the business earned $0.29 EPS. The business's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the transaction, the chief technology officer directly owned 428,823 shares in the company, valued at $16,543,991.34. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $36.66, for a total value of $3,742,362.78. The disclosure for this sale can be found here. Insiders sold 1,058,399 shares of company stock valued at $38,211,567 over the last quarter. Company insiders own 7.11% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stifel Nicolaus boosted their price objective on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wedbush boosted their price objective on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Finally, UBS Group increased their price target on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target of $42.38.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.